CXY 0.00% 0.3¢ cougar energy limited

no justification for canning ucg, page-8

  1. 314 Posts.
    lightbulb Created with Sketch. 2
    This is straight off the DERM web page and this is why I think Cougar and Carbon will be given the go ahead.

    Read for yourself: http://www.dme.qld.gov.au/mines/underground_coal_gasification_policy.cfm

    Reporting Process and Timeframes

    Each of the three Pilot Projects will submit a detailed technical report of all activities, impacts and findings of its Pilot Project no later than June 2011.
    The Panel will review the Pilot Project Reports, focusing on the technical and environmental aspects of the UCG technology. The Panel will submit its analysis to the Interdepartmental Working Group in mid to late 2011.
    The Interdepartmental working group will report to Government on the future viability of UCG technology in Queensland, including an assessment of the potential costs and benefits of UCG for the State and advice on the environmental sustainability of UCG in Queensland. The report is expected to be completed by the end of 2011 for Government consideration.
    The Pilot Phase will finish when the Government makes its decision regarding the future viability of a UCG industry in Queensland.

 
watchlist Created with Sketch. Add CXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.